Mortgage servicer and investor, Walter Investment Management, will acquire GTCS Holdings from Centerbridge Capital Partners, Bloomberg reports. GTCS is valued at $1.065 billion, including debt. Walter will issue 1.8 million shares to the seller and $765 million in new debt to acquire GTCS’ equity. Walter appointed Credit Suisse for advice, Morgan Stanley acted as advisor to GTCS, while Bank of America Merrill Lynch advised Centerbridge.
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